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RSI+EMA+MZONES with Divergences

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Features:
1. RSI Calculation:
  • Uses user-defined periods to calculate the RSI and visualize momentum shifts.
  • Plots key RSI zones, including upper (overbought), lower (oversold), and middle levels.

2. EMA of RSI:
  • Includes an Exponential Moving Average (EMA) of the RSI for trend smoothing and confirmation.

3. Bullish and Bearish Divergences:
  • Detects Regular divergences (labeled as “Bull” and “Bear”) for classic signals.
  • Identifies Hidden divergences (labeled as “H Bull” and “H Bear”) for potential trend continuation opportunities.

4. Customizable Labels:
  • Displays divergence labels directly on the chart.
  • Labels can be toggled on or off for better chart visibility.

5. Alerts:
  • Predefined alerts for both regular and hidden divergences to notify users in real time.

6. Fully Customizable:
  • Adjust RSI period, lookback settings, divergence ranges, and visibility preferences.
  • Colors and styles are easily configurable to match your trading style.

How to Use:
  • RSI Zones: Use RSI and its zones to identify overbought/oversold conditions.
  • EMA: Look for crossovers or confluence with divergences for confirmation.
  • Divergences: Monitor for “Bull,” “Bear,” “H Bull,” or “H Bear” labels to spot key reversal or continuation signals.
  • Alerts: Set alerts to be notified of divergence opportunities without constant chart monitoring.

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